Nothing has materially changed in the structure except the AVWAP has shifted lower into the 340–345 area.
With a likely rate hike this week, I see no reason to trade based on data from the left side of the chart. From this point forward, I’d ditch the previous price action and focus strictly on the right side, especially how price reacts after the rate decision.
There’s no need to predict or gamble here. Let the market reveal itself first.
Right-Side Setup Only
I’ve always been a right-side trader, and uncertainty like this is exactly why. The best way to trade through an uncertain environment is to wait until momentum is confirmed, rather than trying to anticipate where the bottom will be.
Since my last GOOGL post, I’ve said I want to see at least one test of the overhead supply first. That remains unchanged.
My preferred setup:
Overhead supply gets tested at least once → preferably twice → selling pressure gets absorbed → enter only on a valid breakout with confirmed momentum.
I would not take a left-side entry regardless of how low the price dips before that setup develops.
Trading Plan
The plan is simple:
Wait for the rate decision → observe the reaction → let overhead supply get tested → look for confirmation → trade the breakout.
Until then, there is nothing I need to do.
No prediction. No bottom fishing. No left-side trade. Let price action confirm the opportunity first.
With a likely rate hike this week, I see no reason to trade based on data from the left side of the chart. From this point forward, I’d ditch the previous price action and focus strictly on the right side, especially how price reacts after the rate decision.
There’s no need to predict or gamble here. Let the market reveal itself first.
Right-Side Setup Only
I’ve always been a right-side trader, and uncertainty like this is exactly why. The best way to trade through an uncertain environment is to wait until momentum is confirmed, rather than trying to anticipate where the bottom will be.
Since my last GOOGL post, I’ve said I want to see at least one test of the overhead supply first. That remains unchanged.
My preferred setup:
Overhead supply gets tested at least once → preferably twice → selling pressure gets absorbed → enter only on a valid breakout with confirmed momentum.
I would not take a left-side entry regardless of how low the price dips before that setup develops.
Trading Plan
The plan is simple:
Wait for the rate decision → observe the reaction → let overhead supply get tested → look for confirmation → trade the breakout.
Until then, there is nothing I need to do.
No prediction. No bottom fishing. No left-side trade. Let price action confirm the opportunity first.
Dagangan aktif
Got a call spread on its way down at 346. 4 months+. Targeting 375.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.